News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Considered the toughest in the nation, Alabama’s immigration law requires state regulatory boards to check the residency status of everyone who is licensed to do business in AL. NECN reports the Alabama Manufactured Housing Commission (AMHC) is one of several that has not been compliant in enforcing the law. Jim …
The decision by the U.S. Supreme Court this morning to uphold the individual mandate and the Patient Protection and Affordable Care Act (PPACA) went against the National Federation of Independent Business (NFIB) and 26 states in their argument before the Justices challenging the constitutionality of the measure. Yahoo!News reports Dan …
Following up on a story we published Sept. 23, 2011 concerning Edgeway Mobile Home Park in Middleboro, Massachusetts and the decade-long plus battle between the family owners and the Board of Selectmen over the construction of the community in 1995 that was never completed, the Superior Court judge who has …
Today’s U.S. Supreme Court decision upholding the ObamaCare health plan prompted a sell- off of U.S. stocks as investors fear it will cost the government more, thereby further delaying the economic recovery everyone wants. Nonetheless, CNNMoney reports the Dow climbed back towards the end of the day, losing -24.75 points, …
From Canandaigua, New York writing in MPNnow, Don Semifero offers percentages of differences between a site-built and a manufactured home to make his case to the Victor, NY assessor that they should be assessed at different rates. He ticks off the percentages MH owners lose: 2-3 percent for not owning …
Following a Daily Business News post from June 18, 2012 about two MHCs in Carver, Massachusetts being snatched from the jaws of Equity Lifestyle Properties and becoming co-operatives, MHProNews has learned from boston, according to MA law, MHC residents have the first right of refusal if their community is being …
Daily Mercury reports from Australia, housing solutions company Tektum has developed a modular house with two to four bedrooms, 80% complete when it leaves the factory in one and one half standard shipping containers, and occupancy-ready within several days. The homes feature solar water heating, double-glazed windows, rain water recycling …
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In a New York Times article by John Markoff about Google’s “American Made” production of its wireless home media player, Harold L. Sirkin of Boston Consulting Group said in April one third of American companies with revenue over one billion are planning/considering returning their manufacturing operations to the U.S. The …
GoBogolusa reports the Bogolusa, Louisiana City Council voted 5-2 to permit modular homes in all residential districts of the city, although manufactured homes are not permitted. The state fire marshal has given its OK, but restrictions by the public works department include the houses must face the street and must …
The highest pending home sales rate in two years in May, and a rise in durable goods orders, trumped the fear wafting across the Atlantic from the troubled Eurozone, as all three indexes pushed higher on hump day. CNNMoney tells us the Dow Jones Industrial Average gained +92.34 points, +0.74%, …
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this …
OriginationNews reports, although it is down two percent from April 2011, Standard & Poor’s Case-Shiller housing price index (HPI) rose 1.3% in April in 19 of the 20 cities it surveys, the first increase since August. Detroit is the only city where prices fell, dropping 3.6% in April. Published by …
MSNBC tells us Seth Jason at The Motley Fool says he judges company performance by comparing inventory increases to revenue increases: if inventory expands faster than sales, it could indicate a problem, one which he suggests may be happening at Cavco Industries. Trailing 12-month revenue rose 157.9% while inventory increased …
The WausauDailyHerald reports from Wisconsin complaints from MHC residents may be handled by a state agency or by a local or county body depending upon the number of people who have complained and the severity of the complaint. The Dept. of Safety and Professional Services handles some complaints, and sometimes …
MarketWatch reports the U.S. Census Bureau says American homeownership fell from 66% to 65% in Q1 2012, the lowest point in 15 years, especially noteworthy because historically spring marks the home buying season. At its peak in 2004 it was 69%. Dan McCue of Harvard University’s Joint Center for Housing …
Although U.S. stocks began the day rising and diving, the day ended with all three indexes managing a meager gain as investors continued to worry about the EU summit. CNNMoney tells us the Dow Jones Industrial Average gained +32.01 points, +0.26%, to close at 12,534.267. The Nasdaq rose +0.63 percent …
Fosters reports from Rochester, New Hampshire a long-time resident of Acorn Terrace Cooperative has been honored with the ROC-NH “Above and Beyond” award. Although Richard “Dickie” Williams is president of the cooperative, he is best known for his many acts of kindness as a handyman and all around helping hand …
BusinessWire reports RW Middle East has begun work on a $98 million contract to build a modular residential development in Simawah, Iraq. The Iraqi Ministry of Housing chose Sama Al Douh Contracting and Real Estate Investments as the developer, and RW will design and build the precast modular units based …
Virtual-Strategy reports as an alternative to assisted living for an aging relative, Connecticut-based PALS Built offers handicap accessible modular additions attached to the primary home at a cost lower than that of assisted living. The modular units are manufactured by Practical Assisted Living Solutions, LLC. The newly appointed president and …
MyWestTexas reports within a few days of announcing an upscale 185-site MHC to be built in Midland, Texas, the developers received 380 inquiries from interested individuals. Project partners LubbockInvest and Great House Solutions of Odessa, TX, expect to keep the rates between $1200-1500 a month, which will include the site …
